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Why India’s small enterprises need a Covid-19 rescue act

India covid-19 Government crisis bill
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They didn’t have bargaining power or credit. Now, they don’t have business. India’s MSMEs will need some urgent relief if they are to survive.

Imagine receiving your salary with a lag of six months. Month after month. In time, you will tailor your savings and spending cycle suitably.

Now, imagine waking up one day to learn that six months will now become nine months and your employer will pay you only partially.

That’s the predicament facing many of the 63.4 million micro, small and medium enterprises (MSMEs) in the non-agricultural space, 99% of which have made a capital investment of less than ₹25 lakh in their business.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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